Property sales The ATO regularly receives data relating to the purchase and sale of properties from State and Territory revenue...
Articles
Proposed ban on $10,000+ cash transactions – scrapped
$10,000 + cash transactions Do you remember the Government’s proposal to ban cash transactions in excess of $10,000? It was...
Insolvency and Debt restructuring reforms
Insolvency reforms Important changes to Australia’s insolvency laws commenced on 1 January 2021. The Assistant Treasurer has said that they...
COVID19 – JobKeeper, Investment Incentives, Varying PAYG
JobKeeper Don’t forget that the JobKeeper scheme ends on 28 March 2021. The second JobKeeper extension has started and covers...
ATO update – Goods own use
Trading stock taken for private use It is common in a number of industries for trading stock to be used...
COVID19 JobMaker measures
JobMaker hiring credit The JobMaker Hiring Credit scheme (“JobMaker”) is a new government incentive in response to the COVID-19 economic...
Countdown to claim $250 Centrelink payment
Countdown to claim $250 Centrelink paymentIt’s available to 5.1 million Australians. As Australia heads back to work a reminder that...
Other Matters
Other matters Are your ABN details up-to-date? Did you know that emergency services and government agencies use ABN details to...
What has the ATO been up to?
PAYG withholding – new ATO schedules If you have employees, you need to make adjustments in your payroll processes and...
JobKeeper Update
JobKeeper update New alternative decline in turnover test To claim JobKeeper, you must have suffered a significant decline in turnover. Generally,...
Budget measures now law
A number of measures announced in the Federal Budget 2020–21– and which we reported in the special Budget edition of...